Pritzkers Quietly List Marin Estate With an $85 Million Price TagNovember 19, 2019
While ownership of the five-acre “Glenwood Estate” in Ross is hidden behind an LLC, the property was developed for John and Lisa Pritzker back in 2009.
In addition to a roughly 18,000-square-foot main house, there’s a separate pool/guest house and a caretaker’s house as well, for nearly 22,000 square feet of living space, and nine bedrooms, overall.
Ross Creek runs through the property, which is landscaped with a mix of “mature oak and magnolia trees, vertical lines of bamboo, a robust edible garden and fruit trees, and rose and hydrangea gardens,” along with lawns, a labyrinth, a bocce ball court, a tennis court and multiple motor courts as well.
And while quietly listed without an address, the estate is now officially on the market with an $85 million price tag.
Locksley Hall, the 9,235 square foot mansion perched on an acre of land with a pool at the southern tip of Belvedere, overlooking San Francisco with bridge to bridge views, currently holds the record for the most expensive Bay Area home sale north of Silicon Valley, having been on the market in 2009 with a $70 million price tag and trading for $47.5 million in 2015.
Comments from Plugged-In Readers
I love how the automatic mortgage calculator on the website lists a 30yr monthly payment (430K) higher than the annual income of 99% of America. Anyway, nobody’s buying this with a mortgage.
If only I could scrape together the $17MM down-payment…
The agents only need to find one whale, but this reads like more of a fishing expedition to me.
They don’t need to do anything. They could let it all go to seed for the rest of their lives and it wouldn’t effect their bottom lines one iota.
Insert wealth tax here.
In this case it’s called property tax
There is no “quietly” especially when listed on realtor.com. Everyone is a little bit desensitized to “quietly” because of your overuse and over-saturation of the term. The use of “quietly” in listing descriptions is just about as bad/predictable and inauthentic as developers telling folks that their new overpriced multifamily stucco box with a fitness center full of young white females is in a “vibrant” neighborhood.
With that we’ll disagree, particularly when a property is listed on the down-low, without an address, press release or related fanfare.
It’s amazing what a short life these meticulously designed custom mega estates have these days. Only 10 years in this case and they’re done with it.
It’s a trend. Dave Duffield, the co-founder of PeopleSoft and Workday, spent over $135 million in building out his 22-acre “Fieldhaven” estate in Alamo which was completed in 2013 and then he turned around and put it on the market in 2016 after he and his wife moved to a home in Tahoe.
Last I checked it was still on the market.
I can see someone going for it. There’s a different level of wealth in the world now. Like SalesForce Tower purchase option, someone might need to squeeze the deal thru before the end of the year for tax purposes.
Only three motor courts? I’d be embarrassed to have friends over.
Let me guess, it’s on Glenwood Drive in Ross.
Ross seems relatively unknown to non-Bay Area big money. It’s like everything boring about Greenwich Connecticut, plus you have to fight your way down Sir Francis Drake to get anywhere. “We have great diversity! White people who drink red wine and white people who drink white wine!!!” Good mountain biking, though.
To a Silicon Valley oligarch who wants to send his (yeah, it could be her, but it’s probably his) kids to Branson next door, this could be a nice perch. But there’s no way it sells in this market for more than 50% of the current asking price.
It will be a predictable storyline here when/if the price gets chopped.
Ignorance notwithstanding, Ross still managed to eke out a spot on the Top-10 List
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